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ASF HOLDING OÜ: Snooze Story

ASF HOLDING OÜ, from Harju County, was registered 2 years ago, whilst already in the EU. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of Andrey Fokin.

There are in all 79 559 such "Sleeping Beauties" in Estonia today (altogether 28.1% of all registered companies). There are 15 072 snoozers in the sector, making up 32.5% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Enda või renditud kinnisvara üürileandmine ja käitus", 1 799 companies have been set up only to collect dust on a shelf (12.2% of the field).

If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, ASF HOLDING OÜ is still wet behind the ears.

The company was set up by Igor Mölder and a seat on the board was taken up by mees Igor Mölder, in his/her midlife at 42 years old (b. 01.07.1977). Igor Mölder was no rookie to the business world and could have put his/her 15 years of management experience gained at 51 to use here. Before taking the wheel at ASF HOLDING OÜ, he/she had headed SVS HOLDING OÜ. But he/she could not or would not force the company to get cracking and has headed elsewhere. ASF HOLDING OÜ has seen 2 Prince(ss) Board Members come to the rescue, but their kiss has not been enough to break the spell, because the Sleeping Beauty has not stirred.

Board member Igor Mölder is a brilliant executive with 9 companies to run, all nice and proper, not in debt or anything! With Igor Mölder in charge, turnover reached 4 858 336 euros and companies produced a profit of 1 883 410 euros (in 2018).

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